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Auto Service - Gas-Conv

Corporate Circle-K Store - 20 Year Ground Lease

26746 Mountain Meadow Rd, Escondido, CA 92026

Listing Price: $7,000,000

Cap Rate
4.00%
Tenant Name
Circle K
Years Remaining On Lease
19.9
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$2,800.00
Lease Type
Ground Lease
Rent Per Square Feet
$112.00

Investment Overview

The Tashakorian Group of Marcus & Millichap is pleased to present investors with the opportunity to acquire a newly built Circle K gas station located at 26746 Mountain Meadow Road in Escondido, a city in San Diego, California. This property includes a gas station and convenience store. This gas station is the First Pad off of the I-15 freeway Off-Ramp and is a hard corner location that features a 65’ sign for easy access and excellent visibility. This property is in a densely populated residential area next to a Park and Ride lot.

Investment Highlights

  • Offering Includes a 2,800 SF Convenience Store and Gas Station
  • Tenant is Circle K on a Corporate Guaranteed Lease
  • 20 Year NNN Ground Lease with 10% Increases Every 5 Years

Exclusively Listed By

  • Ben Tashakorian

    Senior Managing Director Investments

    (858) 373-3176

    Email Ben

    License(s): CA: 01333884

    San Diego

  • Ali Valiahdi

    Associate

    Email Ali

    License(s): CA: 01980677

    San Diego

Financing By

Auto Service - Gas-Conv

Corporate Circle-K Store - 20 Year Ground Lease

Listing Price: $7,000,000

Cap Rate
4.00%
Tenant Name
Circle K
Years Remaining On Lease
19.9
Gross SF
2,500
Guarantor
Corporate Guarantee
Rentable SF
2,500
Price/Gross SF
$2,800.00
Lease Type
Ground Lease
Rent Per Square Feet
$112.00

Investment Highlights

  • Offering Includes a 2,800 SF Convenience Store and Gas Station
  • Tenant is Circle K on a Corporate Guaranteed Lease
  • 20 Year NNN Ground Lease with 10% Increases Every 5 Years

Investment Overview

The Tashakorian Group of Marcus & Millichap is pleased to present investors with the opportunity to acquire a newly built Circle K gas station located at 26746 Mountain Meadow Road in Escondido, a city in San Diego, California. This property includes a gas station and convenience store. This gas station is the First Pad off of the I-15 freeway Off-Ramp and is a hard corner location that features a 65’ sign for easy access and excellent visibility. This property is in a densely populated residential area next to a Park and Ride lot.

Exclusively Listed By

  • Ben Tashakorian

    Senior Managing Director Investments

    (858) 373-3176

    Email Ben

    License(s): CA: 01333884

    San Diego

  • Ali Valiahdi

    Associate

    Email Ali

    License(s): CA: 01980677

    San Diego

Financing By

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